Word: kaltenbach
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Dates: during 1970-1979
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...volatile world cocoa market, which some men associated with the bank reportedly tried to corner. Seven officers of the Basel bank have been arrested on charges of suspected fraud and mismanagement. Among them are Paul Erdman, the vice chairman and the only American in the group, and Alfred Kaltenbach, deputy chairman. Both were officers of the bank before it was bought by United California last year. Until then, it was known as the Salik Bank and had a reputation for involvement in speculative deals...